29 DEC MON 2014 HENRY FORD was famous for paying his workers $$ 5.00 a day -- highest in the world at the time -- that was an OUNCE AND A QUARTER OF GOLD, which at todays exchange rate is $$ 2,500.00 a week; FORDS WORKERS WERE PAYING NO FEDERAL INCOME TAXES, and NO PAYROLL TAXES, there was NO MINIMUM WAGE and NO UNIONS. We paid THE HIGHEST WAGES IN THE WORLD, yet we PRODUCED THE BEST QUALITY, LEAST EXPENSIVE PRODUCTS. How was that possible ?? That was because we had THE SMALLEST GOVERNMENT. We had minimal REGULATIONS, LOW TAXES. And if we want to RE-CREATE AMERICAN INDUSTRY, we have to re-create that environment. We have to allow businesses to grow and prosper, and We have to REMOVE ALL THE ROADBLOCKS and THE IMPEDIMENTS that CONGRESS HAS PLACED IN THEIR PATH over the years. - PETER SCHIFF, in House Of Representatives Hearing 13 SEP 2011 https://youtube/watch?v=xZbQGpf3D_Q
Posted on: Mon, 29 Dec 2014 22:51:11 +0000
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